EIX Pilots

What is an EIX Pilot?

To raise debt, Issuers are required to work with a vetted and approved Corporate Finance Adviser who is Authorised and Regulated by the FCA to arrange (bring about) deals in investments. We refer to these Advisers as EIX Pilots.

Pilots guide Issuers through the process of preparing a Project for debt funding and ensure the fundraising requirements outlined comply with the creation of a Project Bond which can be then be listed for trading on the Aquis Market.

Private Placement Auctions will be operated under the regulatory permissions of the EIX Pilot in order to provide infrastructure projects access to capital at competitive, risk-adjusted rates determined through a competitive Auction to raise debt for new infrastructure and development projects or to refinance existing assets.

Whilst EIX can act as the Introducer, Issuers appoint EIX Pilots directly and commercial terms are agreed between the two parties.

Pilot Requirements

To become a Pilot, firms must be authorised by the FCA in the UK to arrange (bring about) deals in investments.

Pilots should also have an extensive track record of structuring infrastructure project finance.

Firms that meet these criteria may apply to become an EIX Pilot.

Pilot Application

The process to become an EIX Pilot involves four steps:

1. Review and agree Pilot Rules. Pilots should undestand and agree to all elements of the process.
2. Pilots should be comfortable with the Private Placement Auction process as set out. This is a standardised process that must be followed for all debt raises, regardless of sector, geography or size of the debt.
3. Complete and submit a Pilot Application Form. This form covers information on the Pilot firm.
4. Complete and submit a Qualified Executive Application Form. This form should be completed for each named transaction lead.

Once an application is approved, Pilots are provided with a dedicated Account Manager.

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